Thanks for your great advice!
@AnnetteB6
I have a related question: For year 2021, I have substantial trading capital gain (let's use $50K as an example). However, I have large (>$100 K) capital loss carryover from previous years. As a result, my Y2021 reported overall capital gain/loss is -$3,000.
For the home office deduction purpose, does my trading business have a gain of $50K, or have a loss of $-3K for Y2021? Would I still be able to deduct home office expense in this situation?
Thanks very much!
